Think the unthinkable and ponder the outrageous.

Five modest proposals

The only thing that’s stayed the same for credit unions is that things are changing fast. Sources of fee income are shrinking, expenses are rising, and margins are squeezed tighter than ever. Things are getting Weird with a capital “W”. It’s time to Think the unthinkable and ponder the outrageous. “When the going gets weird, the…

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What would happen if credit unions let their members decide what to pay?

Pay-what-you-want banking?

If you were opening a new restaurant, would you consider letting your customers decide what to pay? Panera re-opened a restaurant as a nonprofit in Clayton MO, asking their customers to “pay-what-you-want” for their meals. Cashiers do tell customers a “suggested” price, and there are workers at the door to explain the concept that it is…

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a good excuse to unfriend that worthless brother-in-law

Can Facebook friends affect your credit?

You may not pay much attention to what your social media friends are posting, but creditors are. If your settings are “public”, what you are discussing is available to companies that want to sell their products – that includes banks, credit unions, and credit companies. According to an article by Erica Sandberg, creditors are starting…

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